India will make constructive contribution at the Doha rounds : PM

On Board Air India One, Oct 18 (UNI) Prime Minister Manmohan Singh today said India would make constructive contribution to find an ''equitable solution'' to all problems at the Doha Round of Talks under the World Trade Organisation (WTO) negotiations.

''It is our hope that the Doha rounds will not forget the development dimension of the trade system of the developing countries,'' he told mediapersons on the special flight on way back home after his five day tour of Nigeria and South Africa.

''We want the system to be a well functioning global, multilateral system, it is in our interests,'' he said.

Dr Singh said there was a process going on in Geneva ahead of the Doha rounds of talks.

''Things are changing on day to day basis,'' he pointed out.

Asked about reports of terror networks investing in stock market, Dr Singh said ''Money laundering is a world wide concern.'' He said all the countries should cooperate to check the undersirable elements taking advantage of the financial system.

On the functioning of the capital market, he said Finance Minister P Chidambaram and SEBI Chairman had stated as to what they proposed to do.

Asked about the price rise, Dr Singh said the rise in the prices of food articles and petroleum products was a global phenomena and ''we have to cope with it''.

''There is a rise in the price of food articles in the world market as a whole. Global commodity prices are rising.'' UNI